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Surfactants Market to Garner $58.5 Billion, Globally, By 2027 at 5.3% CAGR, Says Allied Market Research
Drivers, restraints, and opportunities
Low prices & easy availability of surfactants, increased use of surfactants in household detergents, and wide range of applications have boosted the growth of the global surfactants market. However, volatility in raw material prices and environmental issues hamper the market growth. On the contrary, usage of surfactants in neonatal respiratory distress syndrome and growing market of personal care products are expected to create lucrative opportunities for the market players in the coming years.
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: The Covid-19 outbreak has greatly affected the global surfactants market.
Anionic segment dominated the market
By type, the anionic segment held the largest share in 2019, accounting for nearly half of the global surfactants market, owing to the upsurge in consumption of consumer products, such as shampoo, hand wash, bathing gels, toothpaste, soaps, and detergents. However, the amphoteric segment is expected to manifest the highest CAGR of 5.6% through 2027, due to rise in income in the emerging economies of India & China and increased demand for personal care & household detergent products.
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Personal care segment to portray highest CAGR through 2027
By application, the personal care segment is expected to register the highest CAGR of 5.9% from 2020 to 2027, owing to increase in demand for surfactants from the personal care applications such as hair care, skincare, oral care, and toiletries. However, the household detergents segment held the largest share in 2019, accounting for more than half of the global surfactants market, due to the increase in awareness among people regarding personal hygiene and other cleaning processes for household applications.
Asia-Pacific , followed by North America , held the largest share
By region, the global surfactants market across Asia-Pacific , followed by North America , held the largest share in 2019, accounting for nearly two-fifths of the market. Moreover, the region is expected to portray the highest CAGR of 5.9% during the forecast period. This is attributed to a large number of key players and the availability of the manufacturing facilities in these countries.
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